European Union Panel Approves Penalty on U.S. Ethanol Exports to EU
Endorsed starting the process to enstate a 9.6% tax penalty
The Antidumping Advisory Committee of the European Union (EU) has endorsed a 9.6% “penalty” on U.S. ethanol exports to the EU. The committee’s action – the panel is made up of EU national representatives – is just the beginning of the tax penalty process, according to the Renewable Fuels Assn. (RFA).
“While we are troubled by the commission’s preliminary action, we remain convinced that this matter lacks the merit necessary for imposing such a duty and that, when all the facts are considered, the EU will rightly decide not to impose any antidumping duties on imports of ethanol produced in the U.S.,” RFA said.
